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Average banking salary no longer exceeds 1,000 euros
The net average salary in the banking system saw a sudden fall in June, after reaching an all-time high in May, while recruitment continued at a high rate. The 69,241 employees in the banking sector had a net average salary of 2,970 RON (816 euros), almost 20%...
Horia Ciorcila no longer interested in real estate market
Horia Ciorcila, the chairman of Banca Transilvania and one of the shareholders of Cluj-based refrigerating equipment manufacturer Tehnofrig, has decided together with the other shareholders...
NBR can no longer reduce inflation on its own
The NBR (National Bank of Romania) will keep the interest rate high for a long period of time in order dampen inflation, but it will not meet its target without support from the Government,...
Gerard, Citroen: Romania is no longer an emerging market
Didier Gerard, general manager of Citroen Romania, which took over import duties of the French brand last summer from ATS, a company controlled by Prime Minister Calin Popescu Tariceanu, say...
Turbomecanica no longer disburses dividends
Aircraft engine component manufacturer Turbomecanica posted profit worth 7.6 million RON (2.3 million euros) in 2007, the lowest level in seven years. The management of Turbomecanica (TBM) h...
RON no longer convincing for savings
The increase registered by deposits came to a sudden halt early this year, both in RON and foreign currencies, despite the rising interest rates paid out by banks. The population's RON-denom...
Lafarge: exports no longer a priority
Lafarge Cement, the domestic unit of Lafarge group, the only cement producer carrying out export activities, this year cut the share of exports in overall sales to just 5%, prompted by domes...
Amway no longer expects 50% yearly increases
Direct sales company Amway Marketing Romania, estimates a 20-30% turnover increase for this year, which would bring the company's business to around 37 million euros, with a business growth...
Rasvan Radu: Longer maturities, bigger risks
The extension of the maturity of loans for individuals was a disguised way of increasing the degree of indebtedness, under pressure from the norms of the NBR (National Bank of Romania), ulti...